Government Finance Statistics, Australia

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Statistics about finances of the general government and public non-financial corporations sectors for the various levels of government in Australia

Reference period
March 2023
Released
6/06/2023

Key statistics

In March quarter 2023:

  • taxation revenue fell 4.4% to $180.9b
  • general government net operating balance fell $6.2b to $6.1b
  • general government borrowing was $5.9b
  • total public demand is expected to contribute 0.2 ppt to the quarterly change in GDP

Unless indicated, all Government Finance Statistics figures presented in this publication are current prices, original series.

Included in this publication is an Insights into Government Finance Statistics, March 2023, which examines the key stories and economic narratives of the March quarter 2023 Government Finance Statistics data.

Government finance statistics fiscal measures

Government finance statistics fiscal measures
 Jun Qtr 2022Sep Qtr 2022Dec Qtr 2022Mar Qtr 2023Dec Qtr 2022 to
Mar Qtr 2023
$m$m$m$m% change
Taxation revenue
 General government192,954160,764189,338180,947-4.4%
Total revenue
 General government234,231200,941229,666223,595-2.6%
 Public non-financial corporations28,82726,65925,13727,3818.9%
Total expenses
 General government220,218215,326217,347217,5050.1%
 Public non-financial corporations28,64627,24525,39525,9962.4%
GFS Net Operating Balance
 General government14,013-14,38512,3196,090np
 Public non-financial corporations181-587-2581,385np
GFS Net Lending (+)/Borrowing (-)
 General government-7,658-25,227-991-5,946np
 Public non-financial corporations-3,670-2,495-4,778-2,164np

np indicates this value not available for publication but included in totals where applicable, unless otherwise indicated

National accounts public sector measures

The table below includes the key public sector aggregates for March quarter 2023 which will be included in the Australian National Accounts: National Income, Expenditure and Product. The key figures shown include Total Public Demand, Government Final Consumption Expenditure for total general government and Gross Fixed Capital Formation for total general government and total public corporations, seasonally adjusted in current prices and chain volume terms.

The following are the seasonally adjusted chain volume measures based on the previous quarter (a):

  • public sector demand is expected to contribute 0.2 percentage points to the change in GDP in March quarter 2023
  • general government final consumption expenditure rose $147m (up 0.1%) and is expected to contribute 0.0 percentage points to the change in GDP in March quarter 2023
  • general government gross fixed capital formation rose $674m (up 3.2%)
  • public corporations gross fixed capital formation rose $151m (up 2.3%)
  • total public gross fixed capital formation rose $825m (up 3.0%) and is expected to contribute 0.1 percentage points to the change in GDP in March quarter 2023
  1. Contributions may not be additive due to rounding
Quarterly national accounts public sector measures, seasonally adjusted
   Jun Qtr 2022Sep Qtr 2022Dec Qtr 2022Mar Qtr 2023Dec Qtr 2022
to
Mar Qtr 2023
   $m$m$m$m% change
CURRENT PRICES
General government final consumption expenditure (b)
 National-defence11,36111,54211,51511,5220.1
 National-non-defence49,80549,52950,98052,4903.0
 Total national61,16661,07162,49564,0112.4
 State and local68,51270,56370,37570,8920.7
 Total general government final consumption expenditure129,678131,634132,869134,9031.5
Public gross fixed capital formation
 General government
  National-defence3,0902,9082,7632,729-1.2
  National-non-defence2,7782,5962,6042,6421.4
  Total national5,8685,5035,3685,3710.1
  State and local18,27618,05018,16719,0805.0
  Total general government24,14423,55423,53524,4513.9
 Public corporations
  Commonwealth1,6721,8251,9271,874-2.7
  State and local5,1355,3005,5725,8474.9
  Total public corporations6,8087,1257,4997,7213.0
 Total public gross fixed capital formation30,95230,67931,03432,1723.7
Total public demand160,630162,313163,903167,0741.9
Memorandum item
 Net purchases of second hand assets by public sector1,290551506536np
 Public authorities changes in inventories (c)1,650-4761,610825np
 
CHAIN VOLUME (d)
General government final consumption expenditure
 National-defence10,69410,75010,62510,532-0.9
 National-non-defence48,45248,08349,18749,7141.1
 Total national59,14658,83359,81260,2460.7
 State and local65,73366,28166,06765,779-0.4
 Total general government final consumption expenditure124,880125,114125,879126,0260.1
Public gross fixed capital formation
 General government
  National-defence2,9092,6322,4012,384-0.7
  National-non-defence2,6332,4372,3942,4532.5
  Total national5,5435,0684,7944,8370.9
  State and local17,02216,41316,11216,7433.9
  Total general government22,56421,48220,90621,5803.2
 Public corporations
  Commonwealth1,5581,6651,7401,690-2.9
  State and local4,7194,7744,9395,1404.1
  Total public corporations6,2776,4396,6796,8302.3
 Total public gross fixed capital formation28,84127,92127,58528,4103.0
Total public demand153,721153,035153,464154,4350.6
Memorandum item
 Net purchases of second hand assets by public sector1,193489441461np
 Public authorities changes in inventories (c)854-1611,135261np

— nil or rounded to zero
np indicates this value not available for publication but included in totals where applicable, unless otherwise indicated

  1. See Explanatory Notes for the relationship between general government final consumption expenditure and GFS aggregates
  2. Includes general government, public non-financial corporations, and public financial corporations
  3. Reference year for chain volume measures in 2020-21 = 100.0

Public demand contribution to GDP growth

  1. Chain volume measures seasonally adjusted
  2. using the GDP series as published in the December 2022 release of Australian National Accounts: National Income, Expenditure and Product

Revisions and changes

Revisions

Upcoming Victorian Capital Asset Charge historical revision

Upcoming AUSTRAC Industry Contribution Levy historical revision

Divergences with government fiscal reporting

Previous catalogue number

Data downloads

Government Finance Statistics, Australia

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